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Rifco allocates half a billion pounds for construction work in “El Mondo”, “Capital Park” and “Capital Crown” during 2023

Iman Al-Wasli

Ramy Fares: 2021 The year of the real test for real estate companies

The Egyptian “Refco” Group for Reconstruction and Development monitored, Half a billion pounds for construction works for 3 projects that it will implement within the New Administrative Capital, which are the mondo residential project, the commercial, administrative and medical “Capital Park” project, and the “Capital Crown” commercial project within a year 2021 according to Press statements by Eng. Rami Fares, Chairman of the Board of Directors of Rifco for Construction and Development. Its efforts during the year 2021 focus on completing the various construction stages of its projects and accelerating the rates of development of its land portfolio despite the great economic challenges, revealing the completion of

% of the construction volume within the IL Mondo residential project in the Administrative Capital.

Rafco for construction and development is implementing the two projects “Kabi Tall Park” and “Capital Crown” in the New Administrative Capital, with total investments amounting to about 2.5 billion pounds.

Refco » The Egyptian Company for Reconstruction and Development, excavation and construction works for its commercial, administrative and medical “Capital Park” projects at the beginning of the year 900 within the New Administrative Capital, specifically in the heart of the city in the Down Town neighborhood in conjunction with the start of Excavation and construction works in its other commercial project in the Administrative Capital “Capital Crown”.

And the “Capital Park” project is a commercial project Administrative, located in the Downtown area. The company has completed marketing the entire project, and the second project “Capital Crown” is a commercial project.

Eng. Rami Fares, Chairman of the Board of Directors of Rifco for Construction and Development, said that the “Capital Park” project is the fourth project of the Rifco Group in the Administrative Capital and is located in the heart of the capital.

The president of “Rafco Construction and Development” went on Saying: The sale of the commercial, administrative and medical “Capital Park” project has been completed after it was put on the market directly within the New Administrative Capital.

(The company has finished achieving contractual sales in its mondo residential project in the New Administrative Capital at a rate of 1. billion pounds, according to Eng. Rami Fares, Chairman of the Board of Directors.

Eng. Rami Fares, Chairman of the Board of Directors of Rifco for Construction and Development, concluded: A: General 2023 It will be the real test year for the real estate companies present in the Egyptian real estate market, and the serious and honest companies with their clients will overcome all the current economic challenges.

It is worth noting that the “Refco” Group for Construction and Development achieved sales amounting to 2.6 billion pounds within a year 2021. He added that the company achieved an increase over the target by %